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  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 16: Reporting the Statement of Cash Flows
  5. Question
    A Purchase of Land in Exchange for Shares of Stock
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A Purchase of Land in Exchange for Shares of Stock

Question 3

Question 3

True/False

A purchase of land in exchange for shares of stock is disclosed at the bottom of the statement of cash flows or in a note to the statement.

Correct Answer:

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